DoorDash Stock Plunges Despite Record Growth as Investment Plans Spook Investors
DoorDash reports 25% growth in Q3 orders but stock plunges 11% as company announces plans to invest "hundreds of millions" more in 2026 on new products and AI tools.
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McDonald's Q3: Value Strategy Drives Sales Growth Despite Consumer Caution
McDonald's (MCD) Q3 2025 earnings show 3.6% global comparable sales growth driven by value meal deals and promotions, though foot traffic declined and earnings fell slightly short of expectations.
Rivian Beats Q3 Estimates, Cuts Losses, and Prepares R2 SUV Launch
Rivian Automotive reported better-than-expected Q3 2025 results, cutting per-vehicle costs and boosting revenue by 78% as it gears up for its new midsize R2 SUV launch in 2026.
Apollo Global Ends Bid to Take Papa John’s Private
Private equity firm Apollo withdrew its $64-a-share bid for Papa John's due to tightening consumer spending and expected tough Q3 earnings (7% drop).
Starbucks Sells 60% Stake in China Unit to Boyu Capital for $4 Billion
Starbucks is selling a 60% stake in its struggling China business to Boyu Capital, aiming to boost growth and reconnect with customers amid rising competition from local coffee brands.
BofA Downgrades DraftKings to Neutral, Cuts Price Target to $35
BofA cuts DraftKings rating to Neutral from Buy and lowers the price target to $35 from $48, citing four key concerns about volatility, iGaming, taxes, and market sentiment.